Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home [NOOK Book]

Overview

Now published by Nolo, Saving the Family Cottage is written in plain English by estate planning and succession attorney-experts Stuart Hollander and David S. Fry, to help you plan to pass on your vacation home and keep it in the family. Complete with real-world examples and stories of cottage "wars" gone ...
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Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home

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Overview

Now published by Nolo, Saving the Family Cottage is written in plain English by estate planning and succession attorney-experts Stuart Hollander and David S. Fry, to help you plan to pass on your vacation home and keep it in the family. Complete with real-world examples and stories of cottage "wars" gone awry, this book breaks down the essentials for passing your cottage to the next generation.

Find out how to:

-figure out which estate planning entity is right for you and your family
-develop a cottage schedule
-deal with co-owners who fail to pay their assessments
-decide whether to establish an endowment
-allocate control between and within generations of owners

Although the term "cottage" is used throughout, the practical advice from the authors applies to any property that a family wants to retain. With information for owners, attorneys and financial planners, this guide to succession planning makes a complex problem understandable and offers concrete solutions to what can be a delicate family matter.

This edition acknowledged the addition of Attorney David S. Fry as an author of the book and successor to the author's cottage law practice. The updated edition is now published by Nolo and has been revised to include the latest state and federal rules that apply to vacation home owners, including fully up-to-date estate tax information.
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Product Details

  • ISBN-13: 9781413318425
  • Publisher: NOLO
  • Publication date: 3/11/2013
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 4
  • Pages: 240
  • Sales rank: 174,250
  • File size: 5 MB

Meet the Author

The late Stuart Hollander was a lawyer with more than 20 years' experience helping families plan for succession of their vacation cottages

David S. Fry is a Michigan attorney whose practice also focuses on real estate and estate planning, particularly succession planning for second homes. He is a fourth-generation cottage owner and regularly presents seminars around Michigan on how to keep a cottage in the family.

Rose Hollander has spent more than 19 years working and living in the heart of Michigan cottage country. She was the legal assistant/paralegal in a law practice with her husband, Stuart Hollander, whose practice centered on estate planning to help families concerned about passing on vacation homes. Rose met with families, helped draft documents, and helped families administer the estate after a death.Rose graduated from Ithaca College. Before working as a legal assistant, she worked as a personnel representative for the Stanford Court Hotel and then as the assistant to the General Manager of the Four Seasons Clift Hotel in San Francisco. She then owned a catering business in Northern Michigan.Rose is a Great Books leader and chairman of the board of a large Montessori school, and is active on stage in community theater. She has published several essays about life "up north" and parenting.You can visit her website at cottagelaw.com.

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Table of Contents

Your Cottage Companion
Part I: Cottages at Risk
1.    Trouble in Paradise
2.    Avoid the Worst: A Partition Parable
3.    Plan for the Best: Cottage Succession Goals
4.    How a Plan Helps Save the Family Cottage
5.    No Plan? Then 600-Year-Old Law Controls the Cottage
6.    Other Animals in the Property Law Zoo
7.    Short-Term Solutions
Part III: Cottage Plans in Action
8.    Choose the Right Legal Entity for Your Cottage
9.    Welcome to the Club
10. When and How to Organize the Cottage LLC
11. The Cottage Safety Valve
12. Cottage Democracy
13. Scheduling and Use
14. Renting the Cottage
Part IV: Creating a Cottage Legacy
15. Minimizing the Federal Tax Bite
16. The Ultimate Gift: A Cottage Endowment
G. Glossary
B. Bibliograph                                                                  
A. Appendix: Table of Contents Cottage
Limited Liability Company Operating Agreement
Index

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Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted February 24, 2008

    A reviewer

    You were gong to leave the cottage to your children in shares? What a way to end family harmony! This terrific book explains why you should put the cottage in an LLC and set up the arrangements so those children who want to use it will be able to do so harmoniously!

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  • Anonymous

    Posted July 10, 2010

    No text was provided for this review.

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